If your child has gift money from birthdays and holidays or earnings from chores or a part-time job, you may be looking for somewhere to park the cash. (And if your kid expects to work over the coming summer, it’s not too early to think about where the money should go.)
Opening a bank or retirement account provides a secure way for children and teens to save money, and you can use it as an opportunity to share financial lessons with them as well. Consider these options.
